NCDEX wheat down as call on import duty hike delayed.

Futures contracts of wheat on NCDEX fell nearly 1% as the delay in a decision on wheat import duty hike triggered speculation that government may not increase it at all. Wheat futures suddenly slumped and volumes also reduced to one-fifth after Food Minister Ram Vilas Paswan said a group of ministers will hold a meeting on import duty hike in edible oils and pulses on 01 Nov. The missing mention of wheat led to anticipation that government may not increase the import duty on wheat.